Review Of The Mineral Industries (Metals And Nonmetals Except Fuels)

STRIKES in the steel and copper industries adversely affected production in the minerals industry in 1959. Because of an excellent first half of the year and rapid recovery of production after the steel settlement, most statistical indicators were higher than the recession-recovery year 1958. Domestic production of metals declined by 9 percent, but nonmetals (except fuels) increased by 8 percent. Ferrous-metal mine production was down 8 percent, and base-metal mine production was off 11 percent. Employment was high during the first half of the year, but averaged lower than in 1958. Stocks continued to decline as a whole, but crude metal ore stocks actually increased. The indexes of stocks at yearend were still high as compared with 1955. Prices were firm throughout the year. A new index of average unit mine value is presented for the first time in this review; it showed a very slight decline in average mine realization for 1959. The percentage share of supply from imports increased in some commodities, due in large part to the shutdown of domestic iron, steel, and copper industries.